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solina solina
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6 years ago
What is the present value of $300 received at the beginning of each year for five years? Assume that the first payment is not received until the beginning of the third year (thus the last payment is received at the beginning of the seventh year). Use a 10% discount rate, and round your answer to the nearest $1.00.
A) $1,137
B) $854
C) $940
D) $1,257
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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vanrheevanrhee
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6 years ago
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solina Author
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6 years ago
Thanks
annielin111
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kriggs62
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2 hours ago
Thanks
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